TECOM Group reported that the total number of companies and businesses registered in the group reached 6500 companies, employing 95 thousand specialists and entrepreneurs, and hosts in its complexes 27 thousand students.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the establishment of Dubai Internet City (DIC), the nucleus of TECOM Group, a member of Dubai Holding. ».
20th anniversary
The 20th anniversary of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the establishment of Dubai Internet City, which formed the nucleus of TECOM Group, a member of Dubai Holding.
For 20 years, the Group has contributed to the realization of His Highness' vision to develop Dubai's economy, transform it into a knowledge-based and innovative economy, and strengthen the emirate's position as a premier destination for regional companies and talent.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, on 29 October 1999, declared the establishment of Dubai Internet City as the center of the new global economy. To achieve this goal: providing a world-class infrastructure, creating the ideal climate in Dubai to ensure the success of companies of any size, and to establish a business culture that supports the development of corporate business and development, and finally ensure that companies benefit from the competitive advantages found in Dubai.
The business parks established by TECOM formed the cornerstone of His Highness's ambitious vision, developed and expanded over two decades to 10 business parks, supporting the growth and prosperity of six vital economic sectors: IT, media, science, education, design, and manufacturing. In addition to improving the global competitiveness of Dubai and the UAE in general.
Continuous successes
TECOM Group Chief Executive Officer, Malek Al Malek, said: “The Group's march and successes are the result of His Highness Sheikh Mohammed bin Rashid Al Maktoum's vision and belief in Dubai's potential and the opportunities it offers to the region and the world. We live it every day, and its positive effects touch both companies and talents. ”
He added: “We are on the threshold of a new phase of growth and development, where the Group has succeeded for 20 years in attracting the largest international companies, and the most prominent talent and entrepreneurs, and support them to succeed through the development of appropriate innovation environment, modern infrastructure, and launch initiatives to facilitate the practice "Success is a catalyst for the Group to continue its work towards establishing Dubai as a global investment destination for large and emerging companies, supporting the diversification of Dubai's economy and continuously enhancing its attractiveness and leadership," he said.
Al Malik pointed out that the Group's business parks have been able to meet the growing and changing needs of international companies, startups and emerging sectors, which have transformed the economic sectors in the region as a whole, in addition to providing an opportunity for international academic institutions to present new programs that have emerged to cope with these. Major developments have made the Group an umbrella and incubator for all these companies and talent from all over the world. ”
He pointed out that «TECOM complexes have witnessed stable growth during the past years, referring to the continued growth of the maturity of the business environment established by (the group) and inclusiveness, in addition to regional leadership, especially in new sectors that form the basis of the economy of innovation and knowledge economy.
“The Group looks forward to enhancing the innovation environment in Dubai and contributing to the emergence of success stories and new billion-dollar deals, similar to major deals that have been completed, such as Uber's acquisition of Karim and Amazon's acquisition of Souq.com. Com), and others ».
Business parks
The business parks established by the group include Dubai Internet City, Dubai Media City, Dubai Knowledge Park, Dubai International Academic City, Dubai Studio City, Dubai Outsource City, Dubai Production City, Dubai Science Park, Dubai Design District and Dubai Industrial City. The number of companies and businesses registered so far to 6500 companies, employing 95 thousand specialists and entrepreneurs, and hosts in its compounds 27 thousand students.
In 2013, the group set up the business incubator (in5), which currently has three technology, media and design centers, with more than 200 startups. The volume of financing attracted by startups in (in5) to about 400 million dirhams by the end of the third quarter of 2019.
First grade
TECOM Group has provided first-class leadership with young Emirati blood. TECOM Group has maintained 100% Emiratisation in senior leadership and business park management.